Thndr Claps » EGY Claps » Economy 🏙 » Government going on a budget
The ClapThe government has directed the ministries to postpone spending on new projects requiring USD that have not yet been kicked off.
WhatFollowing the decision, the ministries have 21 days to submit a report on any possible budgeting cuts in their plan, so it can be frozen until the new fiscal year.
So WhatThe main objective of this decision is to rationalize government spending, especially in hard currency, at a time when the state is suffering from a significant shortage of USD.
Now WhatThis decision will exclude a number of authorities, namely the Ministry of Health, the Ministry of Supply, the Ministry of Interior and the Ministry of Defense.
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